Frequently asked questions

We are a loan advisory and facilitation platform. You tell us what you need funding for; we compare your profile against 50+ banks and NBFCs, shortlist the lenders most likely to approve you on good terms, and then manage the application, documentation and follow-up through to disbursement. We are not a lender and never lend money ourselves.

No. Our advisory service is free to you, as we are compensated by the lending partner once your loan is disbursed. You pay only the lender's own charges, such as the processing fee, legal and valuation costs and stamp duty, and we show you those in writing before you commit.

We tailor our recommendations to your income pattern, credit profile, repayment comfort and the purpose of the loan, rather than pushing a single product. Two applicants asking for the same amount will often get very different recommendations from us.

No. Our initial assessment is a soft check that leaves no mark. A hard enquiry is recorded only when you agree to formally apply to a specific lender. Because we pre-check your profile against lender policies first, you avoid the string of hard enquiries that comes from applying everywhere at once.

Most lenders look for 700 or above, and 750+ unlocks the sharpest pricing. Between 650 and 700 your options narrow but remain workable, particularly for secured loans such as a home loan or loan against property, where the asset supports the case.

Unsecured loans (personal, and most business loans) can be sanctioned within 24 to 72 hours and disbursed shortly after. Secured loans such as home loans, LAP and LRD typically take 10 to 21 days because the property has to clear legal and technical verification.

Lenders weigh your credit history and score, income stability and its documentation, existing obligations relative to income, business financials where applicable, and (for secured loans) the value and legal standing of the property. Our team explains where you stand against each of these before we log in a file.

The core set is KYC (PAN and Aadhaar), income proof (salary slips and Form 16, or two years' ITR if you are self-employed), and six months of bank statements. Secured loans add the full property chain documents. Every loan page on this site lists the exact checklist for that product.

Often, yes. Rejections usually come down to a mismatch between your profile and that particular lender's policy rather than an absolute problem. NBFCs and housing finance companies are frequently more flexible on credit profile, property type or income documentation than a bank.

Yes, actively. We work on CGTMSE, PMEGP, CLCSS and Stand-Up India. These carry an extra approval layer and more paperwork than ordinary lending, which is precisely where guidance saves the most time.

We are headquartered in Bengaluru and support borrowers across 25+ cities in India. Much of the process (enquiry, comparison, documentation review) happens remotely, so your location rarely limits your options. You can reach us on +91 91084 33466.

Your details are shared only with the lending partners we shortlist for your specific requirement, and only to process that enquiry. We do not sell your data. You can ask us to delete your record at any time by writing to admin@kreditmudra.com.

On floating-rate loans to individual borrowers, RBI prohibits foreclosure and prepayment charges. Fixed-rate loans and most business loans may carry a fee, typically between nil and 4% of the outstanding, often after a lock-in of 6 to 12 EMIs. We factor this into the comparison up front.

By choosing KreditMudra you are selecting a partner who will go the extra mile to safeguard your financial interests. We work diligently to provide you with the best available choices and stay accountable for your file from first enquiry to final disbursement.

Under the CGTMSE scheme, eligible micro and small enterprises can access credit facilities of up to ₹5 crore without pledging collateral or a third-party guarantee. The actual sanction depends on your business vintage, financials and the lender's internal credit policy.

For scheme-linked products such as CGTMSE, PMEGP and CLCSS, a valid Udyam registration is required. For a plain working capital or machinery loan, most lenders still prefer it because it unlocks better pricing and priority-sector treatment.

A working capital or unsecured MSME facility typically moves from login to disbursement in 7–15 working days. Scheme-linked and subsidy-backed loans take longer because of the additional approval layer. KreditMudra tracks the file at every stage so nothing stalls.

Yes. PMEGP and Stand-Up India are designed specifically for first-time entrepreneurs and do not require an existing track record. We help you structure the project report and pick the lender most active in your district.

No. A standard business loan is an unsecured facility where nothing is pledged. Lenders underwrite on the strength of your cash flows, filed returns and credit history instead of an asset.

Professional loans for doctors, CAs and company secretaries typically range from ₹5 lakh to ₹75 lakh, and can go higher for established practices. Eligibility is usually a multiple of your annual professional receipts.

700 and above gives you access to the widest set of lenders and the sharpest pricing. Between 650 and 700 options narrow but remain workable. We check your profile against multiple lender policies before logging in a file, so you avoid needless rejections.

Most lenders allow foreclosure after a lock-in of 6–12 EMIs, with charges typically between nil and 4% of the outstanding principal. Some NBFCs waive it entirely when you repay from business income. We factor this into the lender comparison.

Lenders typically fund 50–70% of the assessed market value. Residential property attracts the highest loan-to-value; commercial and special-category properties such as schools or hospitals are funded more conservatively.

No. You retain full ownership and continue to occupy or rent out the property. The lender holds a charge on the title as security, which is released once the loan is fully repaid.

Yes. A balance transfer moves your outstanding to a lender offering a lower rate, and you can usually take a top-up at the same time. On floating-rate loans to individuals, RBI rules mean no foreclosure charges apply.

Some lenders do fund these, though at a lower loan-to-value and a slightly higher rate. We know which institutions are currently active on such properties in Bengaluru and route your file accordingly.

Lenders discount the net rent receivable over the residual lease period to its present value, then fund a percentage of that figure (usually capped so the EMI stays within about 80–90% of the monthly rent). The property's market value acts as a second cap.

Most LRD sanctions require you to service the EMI regardless of occupancy, and lenders assess your ability to do so upfront. A strong tenant with a long residual lease materially improves both your rate and your eligibility.

Yes, though commercial properties with registered leases to corporate tenants attract the best terms. Residential LRD is funded more conservatively because the rental inflow is considered less stable.

Usually, yes. Because repayment is backed by a contracted rental stream, LRD is treated as lower risk and is often priced below a comparable LAP.

Under the old tax regime, principal repayment qualifies under Section 80C up to ₹1.5 lakh a year, and interest on a self-occupied property is deductible under Section 24(b) up to ₹2 lakh a year. Benefits differ under the new regime; please confirm your position with a tax adviser.

Lenders fund up to 90% of the property value for smaller-ticket loans and around 75–80% for larger ones, so plan for a 10–25% margin plus registration and stamp duty, which are not funded.

For floating-rate home loans taken by individual borrowers, RBI prohibits prepayment and foreclosure charges. Fixed-rate loans may still attract a fee.

Yes, and it is often the fastest way to raise your sanction. Adding an earning spouse or family member pools both incomes, and where the co-applicant is a co-owner, each of you can claim the tax deductions separately.

Selected lenders offer zero-down-payment schemes covering the ex-showroom price, road tax, registration and insurance, usually for salaried applicants with a strong credit profile buying a mainstream model. Most standard sanctions fund 80–90%.

The vehicle's age and valuation drive everything: rates run 2–5% higher than for a new car, tenure is capped so the vehicle is not older than 8–10 years at maturity, and funding is typically 70–85% of the valuation, not the asking price.

It finances vehicles registered for commercial passenger or goods use (such as taxis, buses, tempos, and delivery vans) which carry yellow number plates. Underwriting looks at your permit, route viability and transport business income rather than salary.

For a salaried applicant with complete documents, sanction often comes within 24–72 hours and disbursement is made directly to the dealer shortly after.

It is the course duration plus a grace period (usually 6 to 12 months) before full EMI repayment starts. Most lenders charge simple interest during this time, which you can choose to service monthly to keep the overall cost down.

Loans up to around ₹7.5 lakh are generally unsecured. Above that, most banks ask for tangible collateral, though several NBFCs fund larger unsecured amounts for premier institutions at a higher rate. We map your college and course against each lender's approved list.

Tuition and examination fees, hostel and accommodation, travel for overseas study, laptop, books, equipment and insurance are all typically fundable, subject to the lender's cap on non-tuition components.

Yes. Under Section 80E, the entire interest paid on an higher-education loan is deductible from your taxable income with no upper limit for up to 8 continuous years, provided the loan is in the name of the individual paying the tax.

For a salaried applicant with a clean profile and complete documents, sanction can come the same day and funds can land within 24–72 hours. Pre-approved offers from your salary account bank can be even quicker.

No. It is fully unsecured, meaning no collateral or guarantor is pledged. That is also why the rate is higher than on a secured product like a loan against property.

Mainly by your employer category (CAT A/B/C corporate, government or SME), monthly net salary, CIBIL score and current debt-to-income ratio.

Yes. Each formal application triggers a hard enquiry, and several in a short window pull your score down. This is precisely why we pre-check your profile against lender policies and log in only where approval is likely.

Usually not. Most lenders accept documents attested at the Indian embassy or by your overseas employer, and a registered Power of Attorney lets a resident Indian representative sign on your behalf.

EMIs must be remitted through normal banking channels (from your NRE or NRO account, or by direct remittance from your overseas account). Repayment in cash is not permitted.

Yes. OCI and PIO cardholders are eligible for home, car and property loans in India on broadly the same terms as NRIs, subject to each lender's specific policy.

Generally yes. NRI home loans are commonly capped around 20 years, against up to 30 for resident borrowers, and lenders also align maturity with your expected working age abroad.